Cyndeo Wealth Partners LLC Acquires New Position in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV)

Cyndeo Wealth Partners LLC acquired a new stake in First Trust Long Duration Opportunities ETF (NYSEARCA:LGOV) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 296,623 shares of the company’s stock, valued at approximately $6,182,000.

A number of other institutional investors have also modified their holdings of the stock. NewEdge Advisors LLC boosted its holdings in shares of First Trust Long Duration Opportunities ETF by 25.6% in the 2nd quarter. NewEdge Advisors LLC now owns 265,041 shares of the company’s stock valued at $5,574,000 after buying an additional 54,092 shares in the last quarter. Gateway Wealth Partners LLC acquired a new stake in First Trust Long Duration Opportunities ETF in the second quarter valued at approximately $1,328,000. Cetera Investment Advisers grew its holdings in First Trust Long Duration Opportunities ETF by 15.6% in the second quarter. Cetera Investment Advisers now owns 492,917 shares of the company’s stock worth $10,366,000 after purchasing an additional 66,454 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of First Trust Long Duration Opportunities ETF during the second quarter worth $676,000. Finally, Centaurus Financial Inc. purchased a new stake in shares of First Trust Long Duration Opportunities ETF during the 2nd quarter valued at $112,000.

First Trust Long Duration Opportunities ETF Stock Up 0.2 %

Shares of NYSEARCA:LGOV opened at $20.76 on Friday. The business’s 50-day moving average is $21.04 and its 200 day moving average is $21.59. First Trust Long Duration Opportunities ETF has a 1 year low of $20.07 and a 1 year high of $23.64.

First Trust Long Duration Opportunities ETF Company Profile

The First Trust Long Duration Opportunities ETF (LGOV) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund holds an actively managed portfolio of US government bonds with an average duration of eight or more years. The fund seeks current income with a focus on capital preservation.